As a researcher with a background in blockchain technology and a particular interest in Shiba Inu’s ecosystem, I find the recent developments of Shibarium to be quite intriguing. Despite the less-than-ideal market conditions for SHIB, Shibarium continues to make significant strides, surpassing important milestones in terms of blocks, transactions, and wallet addresses.
TL;DR
- Shibarium, the layer-2 blockchain solution for Shiba Inu, continues to grow robustly, surpassing significant milestones in blocks, transactions, and wallet addresses despite SHIB’s price struggles.
Recent developments in the network include a user interface update for better wallet compatibility and an upcoming hard fork to enhance user experience and transaction efficiency.
Shibarium’s Latest Achievement
Despite the disappointing price trend of Shiba Inu over the past few weeks, its layer-2 blockchain solution, Shibarium, continues to generate excitement.
The most recent data reveals that the total number of blocks on the network has reached and exceeded the significant figure of 4.5 million. At present, there have been approximately 417 million transactions carried out. Additionally, the number of wallet addresses is approaching 1.8 million.
Shibarium’s advancements are noteworthy given that it was only launched at the end of last summer. Its primary objective is to nurture the growth of the Shiba Inu ecosystem by addressing key issues such as increasing transaction speed, reducing fees, and boosting scalability.
For those with a keen interest in learning more about the network, please check out the detailed video we’ve prepared for you below.
The Two Important Upgrades
According to a recent report by CryptoPotato, the Shibarium team unveiled an upgraded user interface (UI) last week. They touted it as “swifter, more seamless, and more inclusive than before.” The primary objective is to improve compatibility with well-known self-custody wallets such as MetaMask, Coinbase Wallet, and Trust Wallet.
As an analyst, I’ve uncovered some exciting news from the developers’ camp. They’ve announced that Shibarium will undergo another upgrade this week via a “hard fork” process. The primary objective of this update is to enhance the user experience, foster innovation among the developer and innovator community, and achieve faster block processing times.
As a crypto investor, I can tell you that we’re working on eliminating fluctuating transaction fees during peak usage periods to keep costs consistent and fair for all users. By doing so, our platform will continue to be an affordable and accessible choice for everyone.
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2024-05-02 16:50